Italian soccer giants AC Milan are reported to have signed a five-year kit supply deal with German sportswear brand Puma.
According to Italian soccer outlet Calciomercato, the deal with Puma will be worth €12 million (US$14.1 million) a year to the Serie A club, €8 million (US$9.4 million) less than Adidas that provided. However, it is thought that bonuses and add-ons will be higher with Puma than with Adidas.
Last month Milan confirmed they would leave their apparel partnership with Adidas at the end of the 2017/18 Serie A season. Adidas had been the club’s technical supplier since 1998, and the 20-year association had been one of the longest-standing of its kind in European club soccer.
18-times Italian champions Milan were understood to have been in negotiations with American brands New Balance and Under Armour as well as Puma.
Puma is the kit supplier of Italy men’s and women’s national team, German side Borussia Dortmund and Premier League outfit Arsenal.